UnionPay and Turkish Turkey IS Bank has recently jointly declared that all 470,000 POS terminals of Turkey IS Bank（Türkiye İş Bankası) will be enabled to accept UnionPay cards. In the meantime, quite a few well-known local online merchants will accept UnionPay online payment. Cai Jianbo, CEO of UnionPay International, and Yalçın Sezen, VP of IS Bank attended the signing ceremony. As the largest bank in terms of asset size, Turkey IS Bank has enabled nearly 7,000 ATMs to accept UnionPay cards and enabled the E-visa website of Turkish Ministry of Foreign Affairs to accept UnionPay cards. This time, the two sides will expand cooperation in two aspects. First, UnionPay acceptance coverage at POS terminals in Turkey will rise dramatically from 35% to over 50%. Second, the two sides cooperate to enable UnionPay online payment at many airlines and travel booking websites. Those merchants basically cover all airlines in Turkey.
According to Cai Jianbo, we plan to increase UnionPay acceptance to 80% in Turkey within one year. This will help better serve UnionPay cardholders traveling to Turkey, promote personnel exchanges between China and Turkey and support exchanges between Turkey and neighbouring countries. Russia and many Central Asian markets have frequent exchanges with Turkey and UnionPay cards are issued on a large scale in those markets. Cardholders in these markets can use UnionPay cards conveniently in Turkey. Going forward, UnionPay will seek more breakthroughs in such fields as local issuance, contactless payment and mobile payment by cooperating with local mainstream institutions. According to Yalçın Sezen, he is glad to see brand-new advancement in expanding the acceptance of UnionPay cards, which will help IS Bank to provide more convenient and secure payment services for its customers and deliver more business opportunities to merchants and enterprises in Turkey. Subsequently, IS Bank hopes to conduct cooperation with UnionPay International in the field of innovative businesses and achieve win-win results.